Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

How can you cut the cost and risk of employee attrition?

132 views

Published on

Employee attrition causes knowledge drain, lost productivity and
low morale.

Published in: Recruiting & HR
  • Be the first to comment

  • Be the first to like this

How can you cut the cost and risk of employee attrition?

  1. 1. © IBM Corporation 2016 Source: IBM EPJ14026-USEN-01 How can you cut the cost and risk of employee attrition? Employee attrition causes knowledge drain, lost productivity and low morale Studies show that the cost of attrition is 1.5x the salary of the departing employee For a mid-sized company, the annual cost could be as high as $6.75m1 1 Based on an average salary of $50k for a population of 600 employees within an organization IBM Kenexa Talent Insights reveals the top performers in your organization at the greatest risk of leaving By creating “moments of impact” such as promotions, pay increases and training, you can retain the best people, reduce attrition and minimize costs 1.5x $6.75m 1

×